Delta Air Lines (DAL) Reports Record Revenue and Profit, CEO Optimistic About Travel Demand

Delta Air Lines reported a profit in the first quarter, with adjusted earnings of $288 million, or 45 cents a share, and revenue of $12.56 billion, slightly below analysts' expectations. CEO Ed Bastian noted strong bookings for both leisure and business travel as the peak travel season approaches. The company is focusing on efficiency and slowing hiring after a hiring spree post-pandemic, with a forecast of second-quarter earnings of $2.20 to $2.50 per share and reiterated full-year forecast of $6 to $7 a share.